Small and medium-sized businesses are the bedrock of the Hong Kong economy, and their response to the challenges of the future will have a major impact on the fortunes of the Territory.
Citi failed to force Mercuria Energy to stump up $270 million, but the crucial UK High Court ruling over metals financing will provide comfort for trade finance banks in China and users of repo agreements alike.
The ruling on a critical dispute between metals trading firm Mercuria and Citi has been posted on the UK High Court's commercial list. The long-awaited decision will be publicly available today at 2:00pm BST.
Surveys show 74% of corporates with renminbi exposures cite CIPS delays as their most important regulatory concern, while others identify deregulation.
Amid a host of anti-money laundering regulations, lenders are tightening the screws on cross-border payments. Treasurers in Hong Kong, for example, are being requested to supply detailed information on beneficiaries ...